Skip to main content

About your Search

20120701
20120731
SHOW
STATION
CNBC 21
LANGUAGE
English 21
Search Results 0 to 20 of about 21
CNBC
Jul 2, 2012 3:00pm EDT
santelli at the cme. also with us, paul christopher. ron, i'll start out with you. what do you think the second half of the year will look like? >> a great technical analyst on wall street had talked about the news response syndrome on wall street and today we got bad news across the board. slow down in manufacturing, domestically and overseas. it's held up relative to the past two summers. so i think the bank of england is likely to ease i wouldn't want to bet against central bankers right now. >> the bernanke put is in place. >> paul, you see a better second half, as well. why. >> and we break thagree hat liq force is a positive one. might be a sluggish start to the quarter, but we look for a better end to the second half. >> do you agree with what was just laid out and what's the strategy that you would employ. >> looks like we've got a lot of headwinds facing this economy and this market however we have an awful lot of values. the value is one of thoefs tough things to try to determine. if you look at edward munch's the scream, someone paid $10 million worth of that. i wouldn't p
CNBC
Jul 18, 2012 3:00pm EDT
forget about culture within a firm, and culture is important not just at an u.s. attorney's office, not just in government, not just in congress, not just at any school or institution it's important. at a business organization and in particular at financial institutions it i'm shocked and amazed at how few people think about that. you have a conference named delivering alpha, but i wonder in my conversations with people, not sitting and reviewing indictments, that they're not spending enough time thinking about the kinds of people they're hiring, the culture they're creating in their firm -- the thing that happens to me a lot, and we talked about this, is in many police stations, not just in the business community but in too many institutions, but we're here to talk about the business community i think, of people wanting to come as close to the line as possible. and they think my job, and the job my corporate council should be is to tell me how close to the line i can get to maximize my profit without going over the line. the problem with that is is it is a dangerous game to play.
CNBC
Jul 20, 2012 3:00pm EDT
think the u.s. economy possibly by the fourth quarter will be in a recession, and recession usually comes with bear markets. we have central banks around the world doing everything they can to keep us out of further weakness. the only reason that the s&p's are because of the prospect -- >> so which it really that spike in yields, the spanish debt, and the italian debt that unnerved the markets? what's behind this? it feels like it's a real headline risk driven market. >> yes, it reinforces the difficulty europe is having. it's on the heels of what the market thought would cure this. it's sovereign from the bailout to the individual banks and people realizing it's not as clear as that. that recession is likely intensifying. it's slowing down, and i think the u.s. economy is heading to a recession and there is negative implications for earnings. >> let's talk about earnings, because as peter says, we're going toward a recession here. we have chipotle today with bad guidance and revenue growth slowing there. should investors be more concerned than they seem to be? >> i think they shoul
CNBC
Jul 31, 2012 3:00pm EDT
a study out of australia show that men use navigation more than women. they use it compared to just half of the women surveyed. you can read the entire story on phil lebeau blog. "closing bell" is coming up next, see you tomorrow. >>> i have never seen a woman in road rage, ever. >> i have, absolutely. full of a car of kids and dogs and things like that. welcome to "closing bell." i'm filling in today for maria bartiromo. she will be back tomorrow. >> the fed will issue their latest policy statement tomorrow, and investors not taking any chances ahead of that, taking this wait and see mode. most of wall street not expecting any major fed action, but the bulls could get a rude awakening if bernanke and company don't often any more clues. investors are a bit jittery today despite positive economic data. look at the zigzags. that is an indecisive moment right now. the market is down, and the chart show it's positive, and the s&p down 3.6 points. will they or won't they. that is the question investors are requesting about the fed's next move right now. they made their guess, so now it's
CNBC
Jul 26, 2012 3:00pm EDT
it and frame it to others, is whether time is working for you or against you, time has worked for the u.s. we healed the corporate sector balance seats and a lot of the consumers balance sheets, and haven't done anything about the government. time is working against europe. that's why you had a lot of economists pleading to act quicker, and it shows you where traders are. people are short, so when you get people saying we'll use our balance sheet, even if it's only to buy time, that tells an investor if you're not facing a disaster, stocks are reasonably priced. i like to hear those comments. he is a close technician. he was watching 1330 like the rest of us and knows where to make his statements. >> and he put a floor under stocks. >> yes, look at the market internals, i'm not terribly delighted with what i've seen today, but on a day, if there's really good macro economic news, the industrials would be up strong and materials. it's utility stocks an consumer stocks. the market now believe most amount of central bank posturing is going to change the fundamental macro economic view. and indus
CNBC
Jul 24, 2012 3:00pm EDT
. the company saying uncertainty in the u.s., code for the fiscal cliff, is to blame along with europe and asia and there is fears of slow growth ahead. so what will turn this market around? >> that gdp usual will a market mover, let's go to steve leisman, rick santelli, dan greenhouse. we're talking apple and netflix earnings after the bell. how important are the apple numbers to the overall health of tech and the market here as we don't e continue to see so much uncertainty and risk adversity. >> lit kal, and they will blow the doors off of earnings this afternoon with about $10.35 and revenues going through the rough. >> you thinks in going to blow the doors off. >> can i push back for a second? haven't we learned that apple doesn't lead the way for anything. i understand it's good for aing, but are they telling us about how the consumer is doing? didn't they have a unique market, and they take a bite at their own risk right there. >> doesn't it tell us about the consumer, steve? is it only about apple and not about the consumer given the iphone and ipad have been hugely popular. >> just go
CNBC
Jul 9, 2012 3:00pm EDT
. hitting session lows around noon. but rebounding ever since -- not really enough to push us into the green important the s&p 500 if we can take a look at that time heat map. you see we are considerably more negative than we are positive. and it is really a negative sentiment stew of sorts, which would -- what is pulling us down. lingering concerns of europe. mixed jobs day hangover added to caution ahead of the official earnings season kickoff after the bell today. that's where we are getting all this red. it is risk-off trading. nearly all major sectors are lower. materials in the energy are trailing most of -- if i move out of the way, you can see thooefr here on the far corner and move down almost a percent here. health care, though, holding on to some gains of less than an hour left to trade. wti crude oil prices gain being 2% at one point as the strike in norway could show production important the world's fifth largest oil exporter. energy equities selling off on global growth concerns. we don't have them behind me but trust me, they are. health care getting a boost today as the natio
CNBC
Jul 10, 2012 3:00pm EDT
and of course abroad are weighing on sentiment. >> in today's closing exchange, have some guests with us. rick santelli and brian shactman are with us. it was as bad as people initially feared because of alcoa after the bell? >> of course you have wells fargo and alcoa doesn't mean a lot to most of these guys. it's a commodity company that china has compromised in a lot of ways. we're all talking about kcummin right now, they also raised their dividend 25% and no one is talking about it. if you have a lot of cash, and there is a significant slow down, it does not matter. there's a lot of earnings warnings today that spooked a lot of people. >> yes, rick, it feels like people are waking up and saying this isn't potentially just a global slow down, this is potentially a global recession. so you're saying rotate out of the multinationals, places like europe, china, and those with currency head winds. >> yes, it's not rocket science. in the last two weeks we saw a lot of clients selling long positions. they could recove quickly if they were short, but you're selling a lot of long equities, they're
CNBC
Jul 13, 2012 3:00pm EDT
for the banks? we have our panel with us. gary, let me kick it off with you, gary webbush. for putting money to work, do you want to sell or put money to work here? >> i want to put money to work here. i think the markets are at an extremely adraktive level. they're flush with cash, balance sheets are excellent. financing at very cheap rates, and the s&p is trading at a 15% to 20% discount. >> a good rally today david faber. i know all of the pages were sitting up stairs here at the exchange as you were going through them. what did you learn, is it behind them sm. >> for the most part it seems to be behind them, that being the massive losses that jpmorgan took very unexpectedly. we're talking $5.8 billion for the total so far. it could go up another $1.7 billion. that is the very limit, at least, according to management as to where it could go, but that is unlikely, again, according to jamie dimon, and all of the senior managers at the bank. for the most part it does seem to be, as you said, behind them. >> gary, what do you think about this? is the worst behind for the sector? a big rally t
CNBC
Jul 19, 2012 3:00pm EDT
downdraft, but after a few weeks, this fiscal cliff, it's not going to be a big deal. use it to trade, get in your positions. >> darrell, the fiscal cliff will not be a big deal, that's what lee says. do you buy that thought? >> the key reason we're bearish is complacency set in again. the vix consistently signalled the market top for the last three years. volatility declined, but europe is continuing to get worse, and number two you have a major head wind for the fiscal cliff looming out there. you can trade equities, but we're short because complacency is low and there are many headwinds in front of us. >> so you're expecting a selloff, how significant of a decline and where will the leadership be on the downside? >> number one, our model port foal you shorted the broad market. we think what's going to happen is there will be dollar strength that will deflate commodities, and commodities are driven by global growth. we think global growth will continue to slow. that's collectively bad for k d commodities as well. >> rick, discuss, react. >> i think in the risk parameters our guests are
CNBC
Jul 6, 2012 3:00pm EDT
clearly let down after the u.s. added an anemic 80,000 jobs last month. that was below the worst expectations. volume is very light today, but none the less, it is still a bad day for the bulls. sell off on the open today for the dow andside w sideways sinc. the nasdaq is up right now, a 29 point decline to 29-26, and the s&p is down at 1250. >> let's get straight to the market action here. and the and the sell off and what it means for people down the road. >> we have paul shatz, and dan greenhouse. good to see you all, thank you for joining us, paul, i want to kick it off with you, we're focused on the jobs number, but next month the earnings parades begin. how do you want to be positions? >> alcoa is presenting next week. >> how about jpmorgan. >> the markets should have a lit the bounce of monday, selling on tuesday and wednesday. i think this is a trading pull back. maybe it's 3%, 4%, or 5%. maybe we will close the gap from last week. maybe it's 1325 on the downside, but i think we're range bound. >> you're looking for a fall swon. dan greenhouse, you're defensive aren't you
CNBC
Jul 16, 2012 3:00pm EDT
of these short maturities inure subpoena they are not paying a rate on the deposits and maybe the u.s. central bank may mirror that if you look at our would-year note, it yields really falling rather precipitously the last several weeks as well. i will tell you, these numbers like retail sales, if you are objective and not afraid to say it, these are getting the recessionary type numbers and that's all there is to. >> it tough out there. let me talk to you, paul in terms of allocating capital. we had the -- couple of the banks reporting earnings. what's your take on the banks? want on to put new monday why you to work here? >> the banks are not trading poorly. i -- they remain one of the most hated sectors in investments in the world. they are not trading that poorly. you know, we haven't touched the financial institution or banks since '06. i'm not going to touch it here because i don't think you are properly rewarded. you have to stay with what's working. we have been long. strap also. long utilities and re ties. long bio tech and health care. i think you have to stick with the non-sexy, bor
CNBC
Jul 27, 2012 3:00pm EDT
first above 200 point gain for two days in a row. thank you for joining us, everybody, "closing bell" is up next, see you monday. >>> hi, everybody. happy friday to you, welcome to the "closing bell." the rally rolls on today as stocks surge on new speculation that a new round of global bailouts are on the way. >> we're seeing a big rally today. i'm scott walker in for bill griffeth. wall street not paying any maend to companies like star bucks and fk that hit a new all time low today after seeing revenue growth slow. >> let's look at this. the dow above 13,000. it would be the first time it clos closed above 200 points two days in a row in naerlly three and a half years. the s&p 500 looks like this and very similar chart patterns where we're just shy for the high of the day. are investors playing with fire? >> in today's closing bell exchange, we have bob pisani, rick santelli, and stephanie link. bob pi sansani, i'm going to yo first, do you like the rally? >> they were talking about a banking liengs for the bailout fund in europe. that would be a big deal. most people think t
CNBC
Jul 25, 2012 3:00pm EDT
shactman, rick santelli and paul christopher as well. it's good to have all of you with us. michael, i'll begin with you. this jumps out, you say fear is back and bullish. you're talking about a contra t view. >> yes, as long as fear is here there will be the potential for further global monetary action. it happened in november. that is still very much in play. that's why you're not seeing equities collapse when it looks like the end of the world. >> do you expect we will see new stiplus from the feder-- stimuls next week. >> it will happen because yields are so low so it either has to happen or it will be forced to happen. >> shactman you've been on the floor today, how are traders reading what we're seeing today. >> some reflect what michael just said. also you have three 100 point down days in a row. you have a lack of macro, euro, asia headlines here, and it becomes a stock driven market. apple is down, but the four best performers are tech names and you have selective gains. so in the absence of any macro headlines today, inside the wall street journal report yesterday, people are
CNBC
Jul 17, 2012 3:00pm EDT
on the federal reserve to fix and try to do the solutions? that's the only place for solutions? >> with us now, naj an backrack of the financial group and chris constantineos and rick san telly. nathan, you say the fed isn't the answer and i'm not sure you're going to get any argument here. the exchange between schumer and bernanke. >> imagine if you worked for an employer and said, we can't work together, me and my peers so you figure it out, boss. it's crazy. the federal reserve will do what the fed has got to do. they are going to work off of data and the fiscal cliff, it's just a bunch of drama. there is no way in the world we're going to get there because that fiscal cliff is 2.5 to 3% of gdp and nobody wants to have responsible for having that blood on their hands. the data -- i'm sorry. >> no, please, go ahead, finish. >> when you looked at what he said, he said europe is a problem and cliff is a problem and so we're not so bad and on that everybody said good maybe we'll get more stimulus and the market takes off. >> after all of the federal reserve has done, steve, bernanke was asked h
CNBC
Jul 12, 2012 3:00pm EDT
for giving us a clu about the world economy, but also a clue as if they're a bottomless reservoir of capital. >> that's why the feds are going to have to ease support. >> how much more can they ease though, david? there is a limit to that. >> there is if you look at how low fed funds are. but the tried and true federal reserve easing -- >> is that what ails the economy? is that the problem that is keeping us from growing at our normal wait? that will not solve problems, is it? >> too much money creation philosophy picks up and could be inflationary. what yields the economy is this deficit problem, and that while corporate america is reasonably healthy they will be reluctant to spnd until we get some kind news about this cliff -- >> bob, this quarter, we have the big jpmorgan report for tomorrow, people worried about the derivatives, what's your take? >> this is the lowest expectations. what i'm more worried about, and i have been away for a couple weeks, third and fourth quarter are very serious problems. you will get very cautious commentary on q 3 and q 4. fourth quarter they're expecting
CNBC
Jul 3, 2012 1:00pm EDT
for spain and italy, looking for c drks srds' default swap and u.s. economic data. the whole focus is on non-farm payrolls coming up friday. the ism report came out yesterday, quite weak. we'll see if there's weakness in the non-farm friday. >> there is some talk we will probably see in the central european cutting rates on thursday. we have that to look for as well. >> that was the chatter among the traders and focusing on that along with the jobless numbers. coming into today's session, there were concerns there could be added weakness. what we saw instead was a little bit of short-covering going into the holiday as well as the ecb rate cut whether it will be on investors' minds when they return to work thursday. >> when we spoke with christine le garredd a few moments ago sa what was more important was the ecbe spanding asset program. and recovery points for the european debt crisis there. we'll see if in fact it's a rate cut we get thursday, asset purchase expansion or both. >> the markets are taking -- it was one of those perverse thoughts yesterday, ryan, maybe you can address that as
CNBC
Jul 23, 2012 3:00pm EDT
of the 17 countries right now that are using the euro are already in a recession. then you look at those economic super powers. such as china, brazil, india. they are slowing down. obviously we have our own domestic concerns. it is not just as simple as that. because there already a number of other land mines that are out there, that traders are worried about it. we have to wonder what's the next shoe to drop. that's why you have markets down today. >> we have been talking about that for weeks. we have been asking that same question for weeks. and yet, after a sell-off the market seems to recover as i said last week we are talking about the possibility of hitting dow 13,000 again. yet stu, you remine defensive. todd is defensive. does anybody like equities now? >> so -- yeah. we are defensive but i have to say we are also look to take advantage of lower prices if we get a pronounced sell-off. and add risk to client portfolios. we have been avoiding european risk to a great extent for 2 1/2 years now. and europe is a whole lot cheaper. yeah, they have their problems. yeah, the cycle of su
CNBC
Jul 30, 2012 3:00pm EDT
there. dan greenhouse is with us. rick santelli is standing by here. we have a lot to get to this week. we will know a little more about the central bank policy by the end of the week and know what the job number is as well. >> right. it is kind of a little ridiculous because we are expecting so much out of the fed and yet we know that there's very little that he can do at this point. it is a little aggravating because we keep hearing the fed is, you know, looking at ways to help create jobs. that's really not their mission. by forcing banks to, you know, maybe lend more, gets them back into the position they were in that got news the financial crisis in first place was lending too much. >> rick santelli. you are not a fan of more intervention by any sense. mark receipts setting themselves up for those expectations. >> they are indeed. there's no doubt about it. today the dow is down seven, that's not what i see. i see a totally -- holding on to the post gains and that's significant. it is not only that we have the central bank of the ecb on thursday, we have the bank of england on thu
CNBC
Jul 11, 2012 3:00pm EDT
importance, please sweet us as "closing bell." weapon want to know it's about our colleague gary kaminsky's new look. to beard or not to beard? >> what are you going to vote for? >> i'll have to check -- i'm going to check out maria bartiromo to see what you say. >> i usually go for a beard, i think it's very nice. see your responses on air at the end of the program. we'll take a short break here on the closing bell, a market down 75 points on the dow. >> he is somewhere in between with that beard. we have a lot more heading your way on this busy edition of "closing bell." >> the china effect. luxury retailer feeling the pinch from a slowing chinese economy. is this a bad sign for other high-end companies? what it means for investors, next. and cashing in on the libor lute. u.s. states and municipalities piling into the lawsuit. are they the ones guilty of mismanagement? and there is an app for what? an escape plan for bad dates. that could drive more people on to the site. it's all ahead, here. [ male announcer ] summer is here. and so too is the summer event. now get an incredible offer
CNBC
Jul 5, 2012 3:00pm EDT
noise short term, do you believe they're giving us a very and very good read on what we expect form or not? >> i don't know. the increase was about in line so far this year. but it's not the only indicator for this side. and although the nonmanufacturing disappointed pa bit today, the employment component rose. if you were to throw all of that into the soup, that would billion a number more like 450,000. not enough to really make a big forecast change, but enough to hold out some hope of upside risk. if we get it it will be the first report in the reports that we have seen that. >> tom, i guess it's not a very pc thing to say to you that we're splitting hairs with these numbers, but you're expecting the upside. >> we are. many investors are positioned very negatively. today's number temper that negativity. for it to have a huge impact it has to be extreme one way or the other. if earnings come in decent, i think they go to new highs. >> john, what about earnings, there's a lot of talk on the street that we're going to get warnings that earnings are not as robust as perhaps the stree
Search Results 0 to 20 of about 21